The Council of the European Union and the European Parliament adopted the EU budget for 2022 at the end of 2021. Within the EU’s second multiannual financial framework 2021-2027, this resolution refers to commitments of €169.5 billion and payments of €170.6 billion.
The money that will be allocated in 2022 reflects the priorities in the EU’s political strategy: economic recovery after the Covid-19 pandemic, the ecological transition, the digital transition and the fight against climate change. In addition, it sets aside resources within the expenditure ceilings to cope with unforeseen needs.
The following is a breakdown of the EU budgets for 2022, from the largest to the smallest:
· The CAP (Common Agricultural Policy),the largest figure, amounts to €53.1 billion. In addition, €971.9 million are earmarked to strengthen the Maritime and Fisheries Fund.
· Economic, social and territorial cohesion receives €49.7 billion.
· International and development cooperation with neighbouring countries collects €15.2 billion.
· Horizon Europe, the EU’s main framework programme, receives €12.2 billion to support research in sectors such as industry, space, climate, energy and mobility, health and digital technologies. In addition, the Single Market programme will be endowed with €613.5 million.
· Education and youth will be reinforced with €3.4 billion for the Erasmus+ programme, and €406 million for the creative and cultural sectors through the Creative Europe programme.
· Boosting modern, high-performance transport infrastructure to facilitate cross-border connections will receive €2.2 billion through the Connecting Europe Facility.
· The transition to climate neutrality will benefit from €1.2 billion under the Just Transition Fund, as well as €755.5 million to support environment and climate action under the LIFE Programme.
· Migration management will receive €1.1 billion for the Asylum, Migration and Integration Fund, and border management cooperation will receive a budget of €809.3 million for the Integrated Border Management Fund.
· The health needs of EU citizens will be addressed through the EU4Health programme, which will receive €839.7 million.
· The strategic security and autonomy of the European Union will receive an allocation of €945.7 million for the European Defence Fund (EDF) and €227.1 million for the Internal Security Fund.
In addition to this annual budget of €169.5 billion, the 27 EU countries will continue to receive financial support from the Next Generation EU recovery instrument and its main component, the Recovery and Resilience Mechanism (RRM).